103 Tennyson Avenue, Palo Alto, California 94301, Palo Alto, 94301 - 0 bed, 0 bath
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Palo Alto, California 94301
This triplex represents a High-Potential Investment Opportunity with a List Price of $2,988,000—positioned well below the $3,112,550 Fair Market Value by 4%. This valuation gap offers $124,550 in Instant Equity. Featuring a Fair Condition Rating, the property offers significant value-add potential through modernization. Located in a prime Palo Alto location near Stanford University and top-rated schools like Palo Alto High (9/10), this asset is ideal for Buy-and-Hold Investors or Value-Add Developers seeking long-term rental demand.
Property is moderate renovation needed.
Built in 1970, this 54-year-old triplex shows signs of partial cosmetic updates such as newer laminate flooring and baseboards, but remains dated overall. The presence of popcorn ceilings and older honey-oak style cabinetry suggests renovations are likely 15-25 years old, placing it in the 'Fair' category as it requires modernization to meet current market standards.
High School: Palo Alto High School (9/10).
Situated within walking distance of Stanford University and top-tier amenities, the property benefits from Palo Alto's exceptionally high rental demand and premium market rates.
The mix of townhome-style units featuring private detached garages and individual patios/decks provides a residential feel that attracts high-quality, long-term tenants.
Built in 1970, the property may require significant capital expenditures for modernizing systems or aesthetic upgrades to remain competitive with newer luxury developments.
The nearly $3M price point for a triplex results in a high price-per-unit, which may lead to compressed initial cap rates for investors seeking immediate high yields.
103 Tennyson Ave is a premier triplex multifamily investment opportunity located in the thriving city of Palo Alto, California. Situated on a 7,500 square foot parcel, the subject property was originally constructed in 1970 and features approximately 3,371 square feet of gross building area, offering beautifully designed two-bedroom floor plans. The property consists of one flat and two townhome-style units, each with private detached garage parking and its own private patio or deck. Ideally positioned within walking distance of Stanford University, 103 Tennyson Ave benefits from Palo Alto's exceptionally strong rental market, high demand, and premium rental rates. Known for its historic neighborhoods, vibrant shopping, dining, entertainment, and cultural attractions, Palo Alto was recently ranked #6 on Livability's "Top 100 Best Places to Live" in America. The investment appeal is further strengthened by the city's strong employment base, low vacancy rates, and prime Silicon Valley location, providing residents with convenient access to prestigious schools, major employers, and an abundance of lifestyle amenities.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 0.9 mi
Grades 6-8 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,371 | - |
| Lot Size | 7,500 | - |
| Price | $2.99M | $2.89M |
| Price per sq ft | $886 | $1.7K |
| Built year | 1970 | 0 |
| HOA | $0 | $0 |
| Days on market | 23 | 48 |
Jun 30, 2026
$2,988,000
Initial Listing
Nov 30, 2012
$1,560,000
Public Record
Mar 26, 2004
$1,030,000
Public Record
Aug 3, 2001
$950,000
Public Record